President Nana Addo Dankwa Akufo-Addo has warned board of directors of state enterprises to desist from interfering in the day-to-day management of their respective Specified Entities.
He also asked them to stop making unwarranted demands on their management.
Mr Akufo-Addo said these while making a case for good corporate governance practices in state institutions.
“You must remember that, in each of your entities, you have, apart from SIGA, an overall supervisor or monitor, which is the relevant sector Minister, and, ultimately, the Minister for Public Enterprises.
“If the hierarchy is rigorously maintained, we are guaranteed an enhanced performance and output of your various entities,” he on Monday, 3rd October 2022, when he held a meeting with the Director General of the State Interests and Governance Authority, and Chairpersons of Specified Entities at Jubilee House, the seat of the nation’s presidency.
He further directed the Director-General of State Interests and Governance Authority (SIGA) to work with the Auditor-General into the causes of the infractions cited in the latest report, identify persons responsible and make the necessary recommendations as prescribed by law.
Mr Akufo-Addo indicated that Specified Entities have a duty to create the economic superhighway.
“However, the current trend of affairs neither portrays that picture, nor reflects positively on the managers of our Specified Entities, oversight institutions, and the government itself. It is a clear indication of poor supervision and management, as well as poor enforcement of implementation and sanctions of the needed measures,” President Akufo-Addo said.
He continued, “I appointed you as leaders of these Specified Entities with the strong belief that you would ensure a positive change in the narrative of loss-making entities and build value for the people of Ghana. That has not happened, so I expect more from you.”
